Property: other; act regarding survivorship of entireties interest in mortgages and land contracts; revise gender-specific language. Amends title & sec. 1 of 1925 PA 126 (MCL 557.81). TIE BAR WITH: HJR F'25

Also relevant to:LGBTQ+ / Queer Person of color

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Plain-English Summary

This bill changes a law about how land contracts and mortgages are handled when a married couple sells property they own together. It updates the language to use "spouses" instead of "husband and wife," making the law apply to all married couples. If one spouse dies, the surviving spouse will still receive payments from the land contract or mortgage and will own the mortgage or contract.

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